Some employers need to pay PAYG withholding liabilities to the ATO monthly, even if the BAS is lodged quarterly. The monthly installment activity statement (IAS) and payment are due on the 21st, whether you are lodging your own statement or using our lodgment service.
Things to review before finalising the IAS:
- Have you allocated all payroll-related bank transactions to the correct accounts?
- Have you checked your payroll detail reports for accuracy?
- Have you classified the different payroll items such as allowances, bonuses, or director fees correctly?
- Have you included relevant payroll items or categories in W1 reporting field?
- Do you need to include amounts such as no ABN withholding?
- Have you had to prepare any special pay runs such as termination payments that require manual tax calculation?